Shareholding structure - Axia

Social capital

	Common Shares		Preferred A		Preferred B		Preferred C		Golden Share		Social Capital
Shareholder	Shares	%	Shares	%	Shares	%	Shares	%	Shares	%	Shares	%
Government group*	911,892,651	44.95	–	0.00	37,873,792	13.53	239,682,864	39.50	1	100.00	1,189,449,308	40.80
ADR	56,093,903	2.77	–	0.00	5,046,250	1.80	12,844,610	2.12	–	–	73,984,763	2.54
Non-residents shareholders	687,191,665	33.88	1,600	1.09	109,167,428	39.00	78,922,910	13.01	–	–	875,283,603	30.02
FMP – FGTS Eletrobras**	51,787,500	2.55	–	0.00	–	0.00	478,347	0.08	–	–	52,265,847	1.79
General retail	269,340,051	13.28	140,959	95.94	120,491,323	43.04	259,053,480	42.69	–	–	649,025,813	22.26
Shares in Treasury	52,238,516	2.58	4,361	2.97	7,362,600	2.63	15,813,906	2.61	–	–	75,419,383	2.59
Total	2,028,544,286	100.00	146,920	100.00	279,941,393	100.00	606,796,117	100.00	1	100.00	2,915,428,717	100.00

* The following shareholders are part of the Government Group: União Federal, BNDES/BNDESPAR, FND, FGHAB, Banco do Nordeste, BB Asset, Caixa Asset, Petros and Previ.
** The amount of FMPs does not include the privatization funds of BB Asset and Caixa Asset, which are already recorded in the Government Group total.